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Author: lizmonster Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 61203  
Subject: Re: Are You Saving Too Much for Retirement? Date: 2/2/2007 10:38 AM
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Point is that people need to really think about retirement -- their planned needs, wishes and so on -- REALISTICALLY, and not based on someone else's ideas as to what they will necessarily want or need.

I agree. But I don't think the 4% SWR is pushing anything unrealistic on anybody - the principle is not concerned with how much you save for retirement, or what you choose to spend it on; it's just a simple, conservative rule of thumb to calculate how much you ought to save based on your projected expenses.

Our projected expenses are a LOT less than our current income, and our plans for retirement would be considered terribly dull and restrictive by a lot of people. Therefore the total amount we're planning to save will look small to a lot of folks. But we used the 4% SWR to come up with the total.

-lizmonster
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